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PowerPoint Slideshow about 'ENTERPRISE RISK MANAGEMENT' - duer

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Form over substance. Many ERM programs are implemented to satisfy external requirements (e.g. regulators, ratings agencies, auditors) and are not necessarily driven by the senior leadership team.

Risk management team is not credible with respect to the operating business units (risk as overhead). Lack of industry/market knowledge, inexperience, a theoretical vs. practical mindset may all contribute to diminished credibility.

Greed (either at the corporate or at the individual level) outweighs risk concerns.